ManpowerGroup (NYSE:MAN) Given New $80.00 Price Target at UBS Group

ManpowerGroup (NYSE:MAN) had its price target trimmed by UBS Group from $81.00 to $80.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Several other analysts have also recently issued reports on MAN. JPMorgan Chase & Co. increased their price target on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a neutral rating in a research report on Friday. Truist Financial lifted their price target on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a hold rating in a research note on Wednesday, January 31st. William Blair assumed coverage on shares of ManpowerGroup in a research note on Monday, January 8th. They issued a market perform rating for the company. BMO Capital Markets decreased their price target on shares of ManpowerGroup from $86.00 to $85.00 and set a market perform rating for the company in a research note on Thursday, February 1st. Finally, StockNews.com downgraded shares of ManpowerGroup from a buy rating to a hold rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $83.00.

ManpowerGroup Stock Up 1.1 %

Shares of MAN opened at $75.65 on Friday. The stock has a market capitalization of $3.66 billion, a PE ratio of 77.99, a P/E/G ratio of 0.64 and a beta of 1.54. ManpowerGroup has a 1 year low of $67.35 and a 1 year high of $88.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.17. The company’s 50-day simple moving average is $73.36 and its 200-day simple moving average is $74.41.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 earnings per share. Analysts forecast that ManpowerGroup will post 4.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

A number of institutional investors have recently modified their holdings of MAN. CWM LLC increased its holdings in shares of ManpowerGroup by 345.1% in the 3rd quarter. CWM LLC now owns 365 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 283 shares during the period. Impact Partnership Wealth LLC acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at $137,000. Exchange Traded Concepts LLC increased its holdings in shares of ManpowerGroup by 19.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 162 shares during the period. Oak Thistle LLC acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at $595,000. Finally, Uncommon Cents Investing LLC increased its holdings in shares of ManpowerGroup by 16.6% in the 3rd quarter. Uncommon Cents Investing LLC now owns 16,005 shares of the business services provider’s stock valued at $1,173,000 after acquiring an additional 2,275 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.